How many times have you walked down the street in some hot NYC neighborhood and looked up regretfully at a condo building that, had you bought in pre-construction phase at entry-level pricing, you’d now be sitting pretty?
There’s a deal in place for Cadence to create a lobby for the condo development from the ground-floor post office, and, if the U.S. Postal Service moved to sell the first two floors, Cadence would have the right of first refusal, thus adding to potential construction of The Sorting House.
If The Sorting House isn’t quite the place, take a look down the street at the Gardena, a 7-story, 55-unit condo building at 432 West 52nd Street. A 1-bedroom duplex is listed for $1.495 million, among four other for-sale units. The Gardena also has four rental units available, ranging from $3,459 for a 1-bedroom that has never been occupied to a 2-bedroom/2-bathroom #2D unit renting for $6,000 per month.
Also nearby on 52nd Street, the Avalon Clinton currently has 42 active no-fee rental units available for anywhere between $2,734 per month for a studio to $10,031 for an 1,800-square-foot, 2-bedroom unit.
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